India’s Index of Industrial Production (IIP) rose 5.2% year-on-year in September 2025, according to data from the Ministry of Statistics. Manufacturing output climbed 5.8%, while electricity generation increased 8.1%. Mining grew 3.9%. Economists said the figures signal steady industrial momentum heading into the festival quarter, supported by robust domestic demand and higher capital expenditure. Sequentially, growth eased slightly from August’s 6% pace but remains above the pre-pandemic average. Analysts expect manufacturing strength to continue in October on festive consumption and government infrastructure spending.